Shares of American International Group (NYSE:AIG) are trading 2% higher to $34.90 premarket Monday after the company said it will pay about $46 million in retention bonuses today, or about 30% less than previously scheduled, the New York Times reported, citing a person with direct knowledge of the arrangements.

A.I.G. also hopes the cuts will satisfy the Treasury’s special master for compensation, Kenneth R. Feinberg, who has said that the insurer’s current and former employees should keep a pledge to return $45 million of a previous round of bonuses.

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